UBS downgraded Lanxess to Neutral from Buy with a price target of EUR 30, down from EUR 48. The analyst says macro headwinds could limit the company’s earnings recovery into 2024 and that it has the highest leverage in the sub sector.
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Read More on LNXSF:
- Lanxess price target raised to EUR 50 from EUR 49 at Berenberg
- LNXSF Upcoming Earnings Report: What to Expect?
- Lanxess price target lowered to EUR 36 from EUR 49 at Goldman Sachs
- Lanxess price target lowered to EUR 39 from EUR 47 at Deutsche Bank
- Lanxess downgraded to Neutral from Outperform at Exane BNP Paribas
